Property Overview
This well-established two-and-a-half storey home on Banning Street in Daniel McIntyre offers a blend of classic character and standout space. Built in 1912, its primary appeal lies in its generous proportions. With over 2,000 square feet of living area, it ranks in the top 1% of homes on its street and top 3% within the neighbourhood for size, providing ample room for a growing household or those who value spacious interiors. The home sits on a larger-than-average lot for the area, and its renovated basement adds functional living space. While it lacks a garage, its assessed value places it among the elite properties locally. This home is ideally suited for buyers seeking a character home with more square footage than is typical for the area, who are comfortable with the maintenance considerations of a century-old property and value an established, central Winnipeg neighbourhood.
Key Details & Questions
What are the key features of this home?
It is a two-and-a-half storey character home built in 1912, featuring a renovated basement and a living area of 2,019 sq ft, which is notably large for both the street and the Daniel McIntyre neighbourhood. The lot size is also above average for the immediate area.
How does its value compare?
With an assessed value of $310,000, it ranks in the top 3% of properties on Banning Street and in Daniel McIntyre. This suggests it is considered a premium property within its local context, though it is around the city-wide average.
What should I know about its history and condition?
The home is 114 years old, which is typical for the street but older than most Winnipeg homes. The listing notes a renovated basement, but the condition of major century-home systems (like plumbing, electrical, and the foundation) and the extent of other updates would require a professional inspection.
Is there parking or a garage?
The listing specifies there is no garage. Parking would likely be via on-street permit or a potential driveway, which should be verified with the city.
Why did it last sell for significantly less than its current assessed value?
The property last sold in January 2016 for $180,000. The substantial increase to the current $310,000 assessment likely reflects market appreciation over eight years, the renovated basement, and its standout size for the area. This highlights the importance of understanding recent market trends and comparable sales.